Quantitative Analysis /
Global

This is what our model predicts for Gold, and its correlation with Bitcoin

  • A 10-15% fall in gold is likely to attact strong buying, it has underperformed the S&P 500 since 2019

  • A 3-year correlation of 73% with S&P 500 goes against the historical narrative that gold is used a safe haven asset

  • Gold and Bitcoin have positive 3-year rolling correlation, lending credence to Bitcoin's nickname as digital gold

This is what our model predicts for Gold, and its correlation with Bitcoin
James Huckle
James Huckle

Quantitative Analyst

Tellimer Research
20 May 2021
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